Bitcoin remains under pressure as ETF outflows, higher oil prices weigh on crypto markets
Your day-ahead look for June 1, 2026
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The weakness follows a 10-session, $2.97 billion outflow streak from U.S. spot bitcoin ETFs, the longest run of withdrawals on record, which included the rapid exit of a $1.2 billion position.
The crypto market “sold off through last week without a clear catalyst,” according to a note from Laser Digital’s derivatives trading desk. “There seemed to have been a lack of demand, including Strategy announcing that they didn’t purchase any BTC.
“With STRC still trading below par and the continued lack of interest from retail buyers, BTC is expected to remain weak for the time being,” the note said.
That leaves crypto at risk of further underperformance versus equities, where enthusiasm around artificial intelligence has pushed global stock indexes to fresh highs even as oil prices climbed on stalled efforts to reopen the Strait of Hormuz. Stay alert!
